Protecting your personal tax data is a top priority at Kakenmaster & Associates.  As we approach the tax season, we would like to review a few ways that will help ensure the security of sensitive tax information….

This is a commonly asked question, and while there is no single answer or strategy, we will explore the various options and avenues surrounding this important decision….

Wondering if you should invest in a Roth IRA, a traditional IRA, or both?…

On July 19, 2024, the IRS issued final rules on required minimum distributions (RMDs) for non-spouse beneficiaries who inherit individual retirement accounts (IRAs)….

The IRS mandates that IRA account owners begin taking required minimum distributions (RMDs) at age 73. The account owner will be taxed at their income tax rate on the amount of the RMD.

However, a qualified charitable distribution (QCD), also referred to as a charitable IRA rollover, may provide an excellent tax strategy that can minimize your taxes, while maximizing your charitable impact. QCDs can also be made from inherited IRAs, as well as inactive SEP IRA plans and inactive SIMPLE IRA plans….